FRGT · Freight Technologies, Inc.

Summary

Freight Technologies, Inc. filed an Amended and Restated Memorandum of Association (Exhibit 3.1), last amended on March 12, 2026, authorizing various share classes including up to 12,000,000 Series C Preferred Shares with par value $0.0001, and a Securities Purchase Agreement (Exhibit 10.1) dated March 12, 2026, for the private placement of Series C Preferred Shares with aggregate stated value not exceeding $1,000,000. These disclosures detail the company's updated governance structure and convertible preferred stock financing.

Key takeaways

• Amended Memorandum of Association effective March 12, 2026, authorizes unlimited Ordinary Shares and up to 12,000,000 Series C Preferred Shares at par $0.0001
• Securities Purchase Agreement dated March 12, 2026, between Company and Buyers for Series C Preferred Shares with total stated value ≤ $1,000,000
• Offering conducted under exemption of Section 4(a)(2) of 1933 Act and Rule 506(b) of Regulation D
• Closing to occur remotely on first Business Day conditions are satisfied, with Buyers as accredited investors
• Series C Preferred Shares convertible into Ordinary Shares per terms in Articles